The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-09-10
DUN 4 co. FULL OF HOPE.
A LARGE AND PROFITABLE FALL
BUSINESS PREDICTED.

Monetary Stringency the Only Menace
on the Horizon-A Largo Increase in
the Output of Iron--Wheat Specula-
tion Goes Out of Decentralization
Fair.
New York, Sept. 9.--R G. Dun's weekly
review of trade says:
Commerce and industry have improved,
while speculation has slackened. Evidence
appears of decided Improvement in legiti-
mate business, with larger sales, larger pro
duction and more wholesome feeling, even
in branches lately most depressed.
The improvement in the woolen goods
trade is clearly marked, though that trade
cannot be called active. Lower prices for
wooden goods encourage manufacturers, and
the demand for goods is broadening,
The distribution of cotton continues large,
with an especial demand for the best quail
ties, and manufacturers are relieved from
the fear of speculative corners in material,
the new crop being undoubtedly large
one, though below the early estimates.
Speculation waits for official crop reports,
and meanwhile it appears that the home
consumption reached 2,077, ,5S7 bales, of 400
pounds during the past year, a gain of over
8 per cent. against an increase of percent.
in production on the continent and per
cent. in Great Britain.
In the Southern States the increase in
raw cotton manufacture was over II per
cent.
THE IRON TRADE.
Iron furnaces of 13S, ,7S5 tons capacity
were in blast Sept. THE largest output yet
reported The increase, since year ago. is
141@ per cent DISAGREEMENT in some
quarters lest an output far surprising the
consumptive demand should depress prices
is met by the fact that the best grades
are scarce and well sustained, though
in other grades and brands not
well known weakness appears Mills in
which IRON is worked into forms for use are
generally pressed with orders. Bar iron
has good demand Orders for sheet, plate
and tank iron press the works to their full
capacity. Makers of structural iron are
crowded and the nail business is slightly
better.
In steel rails, though even the Thomas
Company sells at St}6 for winter delivery,
yielding in prices, disheartens some makers,
and there is a general disposition to shut
out the foreign product, and the facilities
for producing at lower cost are steadily in
creasing
WHEAT SPECULATION DEAD.
w neaU SpeCultsUlOn seellS 10 nave gone
| into bankruptcy, stagnation ruling in spite
of the reduction of the Liverpool freight
rates to 1asd. The price has lifted only an Is
| in the past week, while corn and oats have
risen "a, pork 25c. per barrel, and lard 10c.
| per 100 pounds. Oil has advanced DC. on
the belief that producers will succeed in
| limiting the supply.
| Sugar shows a tendency TO boom, having
risen 1Sc per 100 pounds, while coffee is an
eighth weaker, the high rates for money af-
fecting Brazil holders.
Large offerings of tea at auction resulted
! in moderate prices.
| The rice market is improving in activity.
Evidence Of general Improvement comes
| from nearly every city, although close scru-
! tiny of paper at Philadelphia causes some
| check.
HEAVY DISTRIBUTION.
Remarkably heavy distribution of hard
ware and farmers supplies at Chicago and
/ St. Louis, with activity of banks, not from
speculative demands, and reports of a for
midable increase in the shipments by rail-
roads from this city promise satisfactory re-
turns of fall trade.
| Money is generally active at interior
points, and collections fair. The present
signs favor large and profitable fall bust
ness, unless monetary stringency should in
| teII-upt
The business failures occurring through
out the country during the last week were:
For the United States 152, Canada %, a
total of ia, against 100 last week, and 1856
the week previous.